Modification to Offer for Sale (OFS) of Shares through stock exchange mechanism

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....s on sale of shares through Offer for Sale mechanism were issued vide circular no CIR/MRD/DP/18/2012 dated July 18, 2012. These guidelines have been modified vide circulars dated CIR/MRD/DP/04/2013 dated January 25, 2013, CIR/MRD/DP/17/2013 dated May 30, 2013 and CIR/MRD/DP/ 24 /2014 dated August 08, 2014. 2. To make it easier for retail investors to participate in OFS, it has been decided that....

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.... investors shall be made based on the cut-off price determined in the non-retail category. 2.5. Seller may offer discount to retail investors on the said cut off price. 2.6. Retail bids below the cut-off price shall be rejected. Retail bids at cut-off price shall be allocated on proportionate basis in case of over subscription. 2.7. Any unsubscribed portion of retail category after allotm....

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....: 5.1. take necessary steps and put in place necessary systems for implementation of above. 5.2. make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision. 5.3. bring the provisions of this circular to the notice of the member brokers of the stock exchange to also to disseminate the same on their website. 6. This circular is ....